Sarasota Florida Location

I am located in Sarasota, Florida, but have clients throughout the United States. I can communicate with you in whatever manner you are comfortable, whether by phone, fax, email, in person, or even via video conference. Contact me to arrange an appointment for your personalized insurance quotes.

My resident insurance license is for the state of Florida, however I can and already do service clients in states other than Florida. If I don’t already have a specific state non-residence license, I can generally acquire one relatively quickly depending on the state.

Life Insurance - How Can You Check The Financial Ratings Of Life Insurance Companies?

When you’re deciding what insurance company to purchase your life insurance from, it is important to have a financially strong insurance company to back up your life insurance policy. Otherwise, when your beneficiaries actually need the death benefit funds the most from your policy, the money possibly may not be there for them!

You should definitely check out the insurance company’s financial ratings from several different sources. Insurance companies with the highest grades are least likely to become insolvent. However with that said, keep in mind that insurance companies can pay some of these financial rating sources and that can be a conflict of interest. So you need to do some research with different sources to get a more accurate picture before you buy. Note that the specific ratings for the exact same insurance company can vary from one rating source to another. In addition, the rating grade systems of each source can be different and very confusing. Another option is to get an average score of the major insurance rating organizations.

A Comdex ranking is a composite score averaging the ratings of the major insurance rating organizations including A.M. Best, Fitch, Moody’s and S&P. The Comdex is not really a rating, but rather a ranking based on the average of all the different ratings these different organizations give an insurance company. The Comdex rating is based on a number scale of 1 to 100, with the higher the number, the better ranking. If an insurance company’s Comdex ranking is 90, that means it scores higher than 90% of all other insurance companies with multiple ratings. An insurance company must have ratings from at least 2 insurance rating organizations to have a Comdex ranking.

Some of the rating sources are listed below.

A.M. Best

Fitch

Moody’s

Standard & Poor’s

Weiss Ratings (Doesn't accept compensation of any kind from the companies it rates.)

Note: Life Insurance information can be confusing to many people. As an "independent licensed agent" I can explain things to you in simple terms so you feel comfortable making a decision. Then I can help you choose a life insurance policy, from many choices of different insurance companies, that you feel fits your needs. Plus if you choose to work with me you will have personalized service by a local agent that can shop premium quotes for you. If you would like my assistance to discuss and/or start the process of getting you insured please call me at 941-404-5334.